Twitter was publicly connected to attempts at buying Soundcloud, but the social-media company also toyed with making plays for Spotify and Pandora (NYSE: P) in recent months.

Twitter (NYSE: TWTR) backed out of those talks with Soundcloud, as described by Eric Van Susteren of the Silicon Valley Business Journal, it appears to view music integration as a potent method of boosting user growth, thus settling some now restless Wall Street investors.

So far, Twitter's own Twitter Music app failed and was shuttered, and it couldn't put together a deal for Soundcloud. But if it's serious about bidding for either Spotify or Pandora, snapping up either company would be a monster gamble, since that would be Twitter's largest acquisition to date, never mind that combining a music service with Twitter could upend the music industry. -- Financial Times

Today in 1998:
A strike began at the General Motors parts factory in Flint, Michigan, that spread to five other assembly plants and lasted seven weeks. In the end, GM lost about $2 billion in profits. -- MLive